By What Age Should Someone Own/Have Bought a House?
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I purchased my first home when I was about 32 years old. I sold that at some point and didn't own another home until I was 46. That time I'd purchased some acreage and had a custom home built on the land. I kept it for about 21 years and then sold that after buying another home in another state.
I don't think it matters whether or not a person ever owns a home. If it's in a person's best interests then go for it. If not, then don't. There are benefits to owning and there are benefits to leasing/renting.
I don't think it matters whether or not a person ever owns a home. If it's in a person's best interests then go for it. If not, then don't. There are benefits to owning and there are benefits to leasing/renting.
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One thing many people don't realize is that if your home gets foreclosed, the bank sells it at auction and after it sells, you get back however much you had already paid into the loan, or how much the auction sale was, whichever is less.
Also, I remember the government was giving relief money for businesses and landlords during the lockdowns with their "American Rescue Plan" but I remember some saying it wasn't enough (of course it wasn't).
Also, I remember the government was giving relief money for businesses and landlords during the lockdowns with their "American Rescue Plan" but I remember some saying it wasn't enough (of course it wasn't).
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I read it a few years ago now but it asks some of the same questions, like is it normal to have debt.
For Americans (not sure about Canadians, although they are NORTH americans) they are always saying how much trillions and billions they are in debt. They appear wealthy, but actually, its all just for show because everything has to be paid back eventually.
In nz, we are in so much debt with infrastructure and eveything that nobody can afford to have what we have, that debt is going to pass to the next generation, who will need to pay for what this ones couldnt afford.
Things like roads, public transport, and decent housing. The govt borrows money from the world bank who keep entire countries indebted. If we lose our workforce, we cant keep up with the payments, our country will go bankrupt. we have to get immigrants in...its all bit of a merry go round. Who controls it all runs the world. as they say. Money makes the world go round, and the love of money is the root of all evil.
its not just individuals in debt, its entire nations.
For Americans (not sure about Canadians, although they are NORTH americans) they are always saying how much trillions and billions they are in debt. They appear wealthy, but actually, its all just for show because everything has to be paid back eventually.
In nz, we are in so much debt with infrastructure and eveything that nobody can afford to have what we have, that debt is going to pass to the next generation, who will need to pay for what this ones couldnt afford.
Things like roads, public transport, and decent housing. The govt borrows money from the world bank who keep entire countries indebted. If we lose our workforce, we cant keep up with the payments, our country will go bankrupt. we have to get immigrants in...its all bit of a merry go round. Who controls it all runs the world. as they say. Money makes the world go round, and the love of money is the root of all evil.
its not just individuals in debt, its entire nations.
This was Idaho....
And in Idaho at the time (35 years ago) we had a very strong farming community and mindset. Also a few gold miners. Also an air force base not too far away that serviced mmx missiles and some jets that went up to Alaska to spy on the Soviets and China.
A significant portion of our high school dropped out after their sophomore year....they had finished all the AG classes and FFA there was....no need for the rest as they were going to farm for the rest of their lives or sell the farm and equipment and retire as multi millionaires.
The "new kids on the block" were Hewlett Packard and then Micron. HP made hard drives and Micron made memory chips. Two high tech companies in the middle of nowhere. They attracted people out of California....who figured out quick to assimilate or be ostracized.
And in Idaho at the time (35 years ago) we had a very strong farming community and mindset. Also a few gold miners. Also an air force base not too far away that serviced mmx missiles and some jets that went up to Alaska to spy on the Soviets and China.
A significant portion of our high school dropped out after their sophomore year....they had finished all the AG classes and FFA there was....no need for the rest as they were going to farm for the rest of their lives or sell the farm and equipment and retire as multi millionaires.
The "new kids on the block" were Hewlett Packard and then Micron. HP made hard drives and Micron made memory chips. Two high tech companies in the middle of nowhere. They attracted people out of California....who figured out quick to assimilate or be ostracized.
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Todays tech world if theres a silicon valley near you and you have the skills you move there and they may pay you well enough to be able to afford to live there.
At first it will be in the middle of nowhere but if its a company town, and its doing well it will grow. You cant really buy into towns that are already established unless you know people that have moved out or died. Thats just the way it is. Why do people assume it will be any different. The war years upeneded everything so people HAD to start from scratch, and were GIVEN homes cos they had NOTHING.
At first it will be in the middle of nowhere but if its a company town, and its doing well it will grow. You cant really buy into towns that are already established unless you know people that have moved out or died. Thats just the way it is. Why do people assume it will be any different. The war years upeneded everything so people HAD to start from scratch, and were GIVEN homes cos they had NOTHING.
if you look back in history there were plans in other countries too, like the MarshalL Plan for Germany. In NZ we had the Welfare state which provided decent houses. Well, land, not so much houses that were mostly bare shells but at least they were solidly built.
However we had to have roads, which are also precarious. They were build during the war years by relief workers. Railroads were needed but we didnt have enough money, as always the govt runs on a shoestring. If you live in a capital city you would get the lions share of funds. All those politicians need homes lol
I was reading about the White House how it has a team of florists just for the White House. Only one family is meant to stay in it at a time but that family must have at least a hundred servants to run it. And they have to make it bulletproof.
However we had to have roads, which are also precarious. They were build during the war years by relief workers. Railroads were needed but we didnt have enough money, as always the govt runs on a shoestring. If you live in a capital city you would get the lions share of funds. All those politicians need homes lol
I was reading about the White House how it has a team of florists just for the White House. Only one family is meant to stay in it at a time but that family must have at least a hundred servants to run it. And they have to make it bulletproof.
Living in Nashville I had the misfortune of meeting him and having to deal with him. On the radio and books he seems like such a nice guy....IRL he is obnoxious and self absorbed. (It IS all about him....According to him)
His "special" advice is the exact same stuff I learned in business school...but just repackaged and sold for high dollars.
His "special" advice is the exact same stuff I learned in business school...but just repackaged and sold for high dollars.
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Actually, if you view his videos long enough, he doesn't seem like a kind man to begin with. He will often cut people off from talking and just speak over them. He is also very out of touch...still telling single moms to sell their SUV for a '$1,000 car.' 
I liked him and still do to a point...but the man needs to get with the times. There are no $1,000 cars...at least not ones that turn on!
I liked him and still do to a point...but the man needs to get with the times. There are no $1,000 cars...at least not ones that turn on!
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Actually, if you view his videos long enough, he doesn't seem like a kind man to begin with. He will often cut people off from talking and just speak over them. He is also very out of touch...still telling single moms to sell their SUV for a '$1,000 car.'
I liked him and still do to a point...but the man needs to get with the times. There are no $1,000 cars...at least not ones that turn on!
I liked him and still do to a point...but the man needs to get with the times. There are no $1,000 cars...at least not ones that turn on!
You are right that there are no $1,000 that run. Emissions standards are not going to pass on a $1,000 car. I get $800 for a wrecked car. (Free towing included)
He is out of touch with how much things cost anymore....especially in Nashville. But his basic principles are correct because he quotes scriptures.
Pay cash for things that depreciate and borrow for things that appreciate (go up in value) but at interest rates that are lower than they go up.
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